Trend Table for PFO - Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	A	Weak or Absent	Up	Up	Flat	16.94%
May 10	A	Weak or Absent	Up	Up	Up	17.01%
May 9	A	Weak or Absent	Up	Up	Up	16.72%
May 8	A	Weak or Absent	Up	Up	Up	16.87%
May 7	A	Weak or Absent	Up	Up	Up	16.30%
May 6	A	Weak or Absent	Up	Up	Up	16.58%
May 3	A	Weak or Absent	Up	Up	Up	16.79%
May 2	B	Weak or Absent	Up	Flat	Up	18.30%
May 1	B	Weak or Absent	Up	Flat	Up	18.87%
Apr 30	B	Weak or Absent	Up	Down	Flat	19.91%